LendingTree, Inc. (NASDAQ:TREE) Q4 2023 Earnings Conference Call February 27, 2024 9:00 AM ET

Company Participants

Andrew Wessel - Head of IR

Doug Lebda - Chairman and CEO

Scott Peyree - COO and President of Marketplace Businesses

Trent Ziegler - CFO

Conference Call Participants

Jed Kelly - Oppenheimer

Youssef Squali - Truist Securities

Ryan Tomasello - KBW

John Campbell - Stephens

Melissa Wedel - JPMorgan

Jamie Friedman - Susquehanna

Operator

Good day and thank you for standing by. Welcome to the LendingTree, Inc. Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Andrew Wessel, VP of Investor Relations and Corporate Development. Please go ahead.

Andrew Wessel

Thank you, Didi and good morning to everyone joining us on the call to discuss LendingTree's fourth quarter 2023 financial results. With us on the call today are Doug Lebda, LendingTree's Chairman and CEO; Scott Peyree, COO and President of Marketplace Businesses; and Trent Ziegler, CFO.

As a reminder to everyone, we posted a detailed letter to shareholders on our Investor Relations website earlier today. And for the purposes of today's call, we will assume that listeners have read that letter and will focus on Q&A.

Before I hand the call over to Doug for his remarks, I remind everyone that during today's call, we may discuss LendingTree's expectations for future performance. Any forward-looking statements that we make are subject to risks and uncertainties, and LendingTree's actual results could differ materially from the views expressed today.

Many, but not all of the risks we face, are described in our periodic reports filed with the SEC. We will also discuss a variety of non-GAAP measures on the call today, and I refer you to today's press release and shareholder letter, both available on our website for the comparable GAAP definitions and full reconciliations of non-GAAP measures to GAAP.

And with that, Doug please go ahead.

Doug Lebda

Thank you, Andrew and thank you to all who are with us on the call today. In 2023, we strategically simplified our business, reduced our fixed expense base, strengthened our balance [Technical Difficulty] margins. Despite the revenue challenges we continue to navigate, we remain solidly profitable and maintain the ability to strategically invest in the company.